Worthington Industries Inc (WOR)
Return on assets (ROA)
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 110,624 | 256,528 | 379,386 | 723,795 | 78,796 |
| Total assets | US$ in thousands | 1,638,640 | 3,650,920 | 3,643,020 | 3,373,240 | 2,331,520 |
| ROA | 6.75% | 7.03% | 10.41% | 21.46% | 3.38% |
May 31, 2024 calculation
ROA = Net income ÷ Total assets
= $110,624K ÷ $1,638,640K
= 6.75%
The return on assets (ROA) for Worthington Industries Inc has shown significant fluctuations over the past five years. In May 2020, the ROA stood at 3.38%, indicating that the company generated $0.0338 in profit for every dollar of assets it owned. By May 2021, the ROA experienced a substantial increase to 21.46%, signaling a significant improvement in the company's efficiency in generating profits from its assets.
However, in the following years, there was a slight decline in the ROA. By May 2022, the ROA dropped to 10.41%, suggesting a reduction in the company's ability to generate profits from its assets compared to the previous year. The trend continued in May 2023, with the ROA further decreasing to 7.03%.
As of May 2024, Worthington Industries Inc's ROA stands at 6.75%, indicating a moderate decline compared to the previous year. Overall, the fluctuations in ROA imply varying levels of efficiency in asset utilization by the company over the five-year period, with notable peaks and troughs in profitability relative to its asset base.
Peer comparison
May 31, 2024